Feature Articles Archives - Page 20 of 34 - The Industry Spread

Record Number of Spoofing Cases Examined

November 18, 2018

Big fraud allegations often mean big settlements will follow. But the settlements the Commodity Futures Trading Commission reached with former MF Global CEO Jon Corzine in early January and Igor Oystacher and his Chicago firm, 3Red Trading LLC, in December were surprisingly puny.

Warren Says Financial History Repeating Itself

November 16, 2018

This market looks a lot like the sub-prime mortgage market looked pre-2008. The loans are badly underwritten, with minimal protections, like sub-prime mortgages, these loans are being packaged up and sold to investors as collateralized loan obligations, or CLOs, which spread the risk throughout the system

Fed Head of Oversight Visits Capitol Hill

November 15, 2018

Randal Quarles is the Vice Chairman for Supervision and he was testifying in front of the House Financial Services Committee in his bi-annual testimony on November 14, 2018.

FINRA To Consolidate Examiners

November 13, 2018

“Our Examination and Risk Monitoring program is central to our efforts to protect investors and guard the integrity of markets. After careful consideration and extensive feedback from internal and external stakeholders, we are moving toward a program structure that is based on the firms we oversee. By directing our expertise and resources in a more tailored way, we will become more effective at examining for compliance,” said FINRA President and CEO Robert W. Cook

Busch Talks Data Science With B23 Co-Founder

November 7, 2018

As Hirko explained, companies which employ algorithms- which means nearly every trading firm- won’t have success unless it is able to process as much data as possible properly.

The job of creating algorithms, Hirko explains, is done generally by B23’s clients, and B23 partners up by helping these companies process more data properly.

“(B23) Engineering the data so it fits neatly into those algorithms,” Hirko said.

CFTC Sets De Minimus Threshold for SWAPs

November 6, 2018

“Today’s final rule on the numeric threshold for swap dealer de minimis will provide the market with certainty that the threshold will not fall from $8 billion to $3 billion. I fully support the proposed final rule.”

Class Action Securities Lawsuits A Racket

October 30, 2018

The securities class action system is spinning out of control. Abusive lawsuits are imposing huge costs on investors without providing any benefit. The only winners are the lawyers, who take home millions of dollars in fees. And we have seen this movie before

An Analysis of CFTC’s Committees

October 22, 2018

The two committees most relevant to traders are 1) the Technology Advisory Committee: not only does the committee deal with high edge technology- namely fintech, crypto, blockchain, etc- but its members represent a who’s who if trading and investing power brokers. 2) Market Risk Advisory Committee, which also has a who’s who industry heavyweights in its membership.